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Dorothy Taylor Company issued $516,000 of 10%,20-year bonds on January 1,2025 , at 102 . Interestis payable semiannually on July 1 and January 1. Taylor

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Dorothy Taylor Company issued $516,000 of 10%,20-year bonds on January 1,2025 , at 102 . Interestis payable semiannually on July 1 and January 1. Taylor Company uses the straight-line method of amor tization for bond premium or discount. Prepare the journal entries to record the following. (If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) a. The issuance of the bonds. b. The payment of interest and the related amortization on July 1, 2025. c. The accrual of interest and the related amortization on December 31,2025 . Date Account Titles and Explanation Debit Credit

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